British property company Quintain and Australian-listed Lend Lease have announced the launch of a new business district at London's Greenwich Peninsula. The cornerstone to the scheme is the agreement with Transport for London to take a 20-year lease on 12,500 m[sup]2[/sup] of space in the new Peninsula Central business district.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
